Notable Upgrades: Alibaba Group (BABA), 8×8 Inc. (EGHT), EOG Resources, Inc. (EOG), Akorn, Inc. (AKRX), Avanir Pharmaceuticals (AVNR)

In a report published Tuesday, UBS analysts initiated coverage on Alibaba Group Holding (BABA) with a ‘Buy’ rating and $100 price target. The firm’s 12 month-base case estimate would suggest a potential upside of 17% from the stock’s current pps. On valuation measures, Alibaba Group shares are currently priced at 39.24x this year’s forecasted earnings […] View the full post at: Notable Upgrades: Alibaba Group (BABA), 8×8 Inc. (EGHT), EOG Resources, Inc. (EOG), Akorn, Inc. (AKRX), Avanir Pharmaceuticals (AVNR) Related posts: Caterpillar Inc. Downgraded to “Neutral” at BofA